Freestanding Single-Story Commercial
6004 S East Street Indianapolis, IN 46227
6004 S East Street, Indianapolis, IN, 46227
$525,000
For Sale
$525,000
SINGLE_FAMILY - Indianapolis, IN
Property Size1,680 SF
Lot Size0.49 Acres
Price / SF$312.50
Days on Market265
Property Features for 6004 S East Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- DA
- Standard status
- Active
- APN
- 491412141013000500
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Pt Ne1/4 Nw1/4 S12 T14 R3 Beg 213.1Ft S & 65.30Ft Wof Ne Cor W 182.2Ft S 116.9Ft E 179.04Ft Nalong R/W Us Rd 31 To Beg .485Ac
Listing agency
Keller Williams Indy Metro S
(317) 882-5900
Listed by
Teresa Harwood · License #RB14039040
(317) 882-5900
Added: Oct 31, 2025 Updated: Jun 16 at 2:49PM Checked: Jul 22 at 9:06PM
MLS# 22071168
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
6004 S East Street presents a single-story freestanding commercial building with a flexible interior layout and prominent signage. The property includes on-site parking and is offered as a versatile option for medical, professional office, or service-oriented retail uses, depending on the tenant or owner’s operating model.
Located just south of I-465 in Indianapolis, the building sits on nearly a half-acre (0.49 acres). The listing describes the site as positioned along one of the area’s most traveled corridors, with easy access and visibility to support customer and patient drive-by traffic. The property is zoned DA.
This is a practical fit for an owner-user seeking a standalone facility with parking and clear storefront presence, or for an investor looking to acquire a well-located property that can accommodate a range of commercial uses. The single-story configuration can be an operational advantage for both service and healthcare users who benefit from straightforward access and an adaptable floor plan.
Located just south of I-465 in Indianapolis, the building sits on nearly a half-acre (0.49 acres). The listing describes the site as positioned along one of the area’s most traveled corridors, with easy access and visibility to support customer and patient drive-by traffic. The property is zoned DA.
This is a practical fit for an owner-user seeking a standalone facility with parking and clear storefront presence, or for an investor looking to acquire a well-located property that can accommodate a range of commercial uses. The single-story configuration can be an operational advantage for both service and healthcare users who benefit from straightforward access and an adaptable floor plan.
Key Highlights
- 1,680 SF single‑story freestanding commercial building
- Sits on nearly half an acre with on‑site parking
- Located just south of I‑465 along a major Indianapolis traffic corridor
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $24.00 |
| − Vacancy | −$4.2k | −$2.52 |
| EGI | $36.1k | $21.48 |
| − OpEx | −$14.4k | −$8.59 |
| NOI | $21.7k | $12.89 |
1,680 SF · lease $24.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$309.3K
$270.7K – $360.9K
NOI $21,652 @ 7.0% cap · market cap 4.12%
Second Best
Office B
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$417.5K
$365.3K – $487.1K
NOI $29,223 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Indianapolis Homes Realty
Real Estate Agency
Dan Adams | Real ...
Real Estate Agency
Shannon At Indianapolis Homes ...
Real Estate Agency
Crawford & Hallburn Commercial ...
Real Estate Agency
Legacy Pools
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Single-story building with on-site parking and prominent signage along a heavily traveled southside corridor.
Where is this office building located?
The property is located at 6004 S East Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,680 SF single‑story freestanding commercial building; Sits on nearly half an acre with on‑site parking; Located just south of I‑465 along a major Indianapolis traffic corridor
